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3921 Bamburgh Lane Apex, NC 27539

3 Beds 2 Baths 1,140 sqft Built 1983

INVESTimate

$245,000

List Price

$1,240

$1,116 - $1,364

Rent Est.

$70,675

Investment Est.

$255,756 ( +4.39%) 1 YR EST. FORECAST

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AVAILABLE

1 YEAR
Gross Yield	6.07%
NOI	$9,303

15 YEAR
Yield	6.66%
Appreciation	3.13%
TOTAL RETURN	18.76%

PROPERTY INFO

August 25, 2020 RECENTLY ADDED

FACTS

Built In 1983
Price/Sqft : $214.91
2 Days on Market
MLS # : 2339007
Updated Date : 08/25/2020 at 13:54

CONSTRUCTION

Beds : 3
Floor Size : 1,140 sqft
Baths : 2 full

Listing Agent

Raleigh Cary Realty Inc.

Listing Agent's Description

This tastefully updated ranch home sits on .98 acre cul-de-sac lot & is ready to call home! Enjoy true serenity w/ a wooded lot featuring a creek & unfounded privacy. This home offers nice updates including new HVAC, a new roof, new flooring & fresh paint. The master features two large closets & an updated bathroom. The kitchen features new appliances & granite counter tops. Minutes from downtown Holly Springs, YMCA, & proposed 540 interchange. Enjoy the rear deck and detached storage shed. No HOA!

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3917 Bamburgh Ln

Apex, North Carolina

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MARKET HIGHLIGHTS

Raleigh Market Report

Raleigh-Durham combined metros contribute to 24.1% of North Carolina's state economy i.e. Gross State Product (USMayors.org, 2018)
University of North Carolina, Duke University and Davidson University systems drive rental demand

#7 Best Big City for Jobs 2018 (Forbes, 2018)
Major employers in Raleigh area: IBM, Cisco systems, Fidelity Investments, GlaxoSmithKline, RTI International

One of Top 10 cities for Small Business Friendliness (Thumbtack, 2018)
Raleigh-Durham combined metros' economy is worth over $137 billion in Gross Metro Product and projected to grow to $146 billion in 2019 (USMayors.org, 2018)

Raleigh-Durham combined metros has 65.3% labor force participation rate higher than the national rate of 62.8% (USMayors.org, 2018)

Neighborhood: Surry Point

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Surry Point

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME	EDUCATIONAL LEVEL	SCHOOL TYPE	# OF STUDENTS	# OF TEACHERS	GREATSCHOOLS RATING
Middle Creek Elementary School	Primary	Regular	849	56	6
Holly Ridge Middle School	Middle	Regular	1,222	69	4
Middle Creek High School	High	Regular	2,249	120	7

Middle Creek Elementary School

Education Level: Primary
# of students: 849
# of teachers: 56

GreatSchools Rating

Holly Ridge Middle School

Education Level: Middle
# of students: 1,222
# of teachers: 69

GreatSchools Rating

Middle Creek High School

Education Level: High
# of students: 2,249
# of teachers: 120

GreatSchools Rating

FINANCIALS

Learn how to read this

$220,500$269,50000$245,000

PURCHASE PRICE

$1,116$1,36400$1,240

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,240
EXPENSES	Loan Payment	-$904
	Property Tax	-$127
	Property Insurance	-$49
	Property Management Fees	-$112




CASH FLOW $48

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$245,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	4.33%
Appreciation Year (1-5)	4.39%
Maintenance Year (1-5)	8.00%
Vacancy	7.51%
Length of Stay Years	2

TOTAL CASH OUT OF POCKET

INVESTMENT

$70,675

Down Payment	$61,250
Rehab Estimate	$5,750
Closing Costs	$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$61,250
Loan Amount	$183,750

See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$22,622

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

$1,240
LIST RENT
$1.09
LIST RENT PER SQFT

$1,123
COMP ESTIMATED VALUE
$0.99
COMP AVG. RENT PER SQFT

Comps Range

$1,240

1$1,2402$1,2753$1,295

$1,295

RENT COMPS ANALYSIS

1,140
PROPERTY SQFT
$0.99
AVG RENT PER SQFT
$1,123
ESTIMATED VALUE
$1,240
LIST RENT

3921 Bamburgh Lane Apex, 5

3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1983
Price

Price Per SQFT

$245,000

$214.91
2028 Englewood Drive Apex, 1

3 beds 2 baths ∙ 1,079 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,079 Sqft ∙ Built 1979
SOLD 01/07/20
Price

Price Per SQFT

$180,000

$166.82
2038 Englewood Drive Apex, 2

3 beds 2 baths ∙ 1,303 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 1979
SOLD 03/16/20
Price

Price Per SQFT

$235,000

$180.35
4220 Surry Ridge Circle Apex, 3

3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1984
SOLD 09/19/19
Price

Price Per SQFT

$237,500

$181.30
5925 Oxford Green Drive Apex, 4

3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1984
SOLD 02/28/20
Price

Price Per SQFT

$237,900

$165.21

3921 Bamburgh Lane Apex, 1

3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1983
Rent

Rent Per SQFT

$1,240

$1.09
1906 Englewood Drive Apex, 2

3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1981
LEASED 06/07/19
Rent

Rent Per SQFT

$1,275

$1.01
106 N Bell Haven Street Apex, 3

3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1997
LEASED 07/01/20
Rent

Rent Per SQFT

$1,295

$0.96

PROPERTY LISTING DETAILS

Preston Perry
1.919.413.5515
Raleigh Cary Realty Inc.

Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317

Triangle Multiple Listing Service ( TMLS)
MLS #: 2339007
Last Updated: 08/25/2020

3921 Bamburgh Lane Apex, NC 27539

INVESTimate

$245,000

$1,240

$70,675

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Middle Creek Elementary School

Holly Ridge Middle School

Middle Creek High School

FINANCIALS

$220,500$269,50000$245,000

$1,116$1,36400$1,240

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$245,000

$1,240

0.51%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$904

6.5

$22,622

$245,000

$214.91

$197,699

$173.42

COMPS RANGE

PRICE COMPS ANALYSIS

$1,240

$1.09

$1,123

$0.99

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS